Fed’s George wants end to zero rates, does not say when
KANSAS CITY, Missouri (Reuters) – A top Federal Reserve official who has often warned of the risks of keeping U.S. interest rates too low for too long said on Friday she wants to see how winding down the Fed’s massive bond-buying stimulus goes before s…
SEC says shuts cloud computing scam targeting Asians, Hispanics
(Reuters) – The U.S. Securities and Exchange Commission on Friday said it has shut down a worldwide pyramid scheme that falsely promised fast gains to tens of thousands of Asian-American, Hispanic and foreign investors from cloud computing services.
French watchdog calls for more transparent SFR bid talks
PARIS (Reuters) – French market regulator AMF has asked Vivendi, cable firm Numericable, its parent Altice and rival bidder Bouygues for more transparency in their talks over a takeover of Vivendi’s telecom unit SFR.
LME tightens ‘Chinese Wall’ rules on warehouses, traders
LONDON (Reuters) – The London Metal Exchange (LME) pressed on with reforms to its warehousing network on Friday, unveiling tighter “Chinese Wall” restrictions a day after a court ruling forced the LME to halt a plan to cut delivery backlogs.
BMW to invest $1 billion to expand U.S. production by 50 percent
SPARTANBURG, SOUTH CAROLINA (Reuters) – BMW will expand production capacity in the United States by 50 percent and introduce another new offroad model, the German luxury carmaker said on Friday, in what amounts to a $1 billion bet on sport utility vehi…
Italy to seek pay cut for Eni, Enel, Finmeccanica managers
ROME (Reuters) – Italy said on Friday it will back cuts of at least 25 percent to top managers’ salaries at oil producer Eni , utility Enel and defense contractor Finmeccanica at coming shareholders’ meetings.
Former Vatican bank head’s lawyers threaten to sue to clear name
VATICAN CITY (Reuters) – In a new blow for the troubled Vatican bank, lawyers for its former head who was abruptly fired in 2012 threatened legal action on Friday to clear his name and show that he was unfairly dismissed.
Ford investing $500 million to make new engine at Ohio plant
(Reuters) – Ford Motor Co will spend $500 million and create 300 jobs to upgrade an Ohio engine plant to make the new 2.7-liter six-cylinder EcoBoost engine for its best-selling F-150 pickup trucks, the company said on Friday.
U.S. safety regulators close investigation into Tesla fires
(Reuters) – U.S. safety regulators on Friday said they had closed an investigation into several fires in Tesla Model S electric sports cars after determining the incidents were not likely to become a trend, which sent the company’s shares up as much as…
Nerves grow over impact of fixing row, FX regulation
BERLIN (Reuters) – A drop-off in major currency market volatility may be due as much to banking regulations and a row over alleged manipulation as to ultra-low interest rates in the developed world, industry figures said on Friday.
